Subsea7 has secured a sizable engineering, procurement, construction and installation (EPCI) contract in the U.S. Gulf of Mexico, the company announced Aug. 16. (Source: Shutterstock)
Subsea7 has secured a sizable engineering, procurement, construction and installation (EPCI) contract in the U.S. Gulf of Mexico, the company announced Aug. 16.
The contract is valued between $50 million and $150 million.
The scope of work of the contract includes the offshore EPCI of a water injection flowline, as well as hull piping and associated subsea infrastructure.
Project management and engineering work will start immediately, with offshore activity expected to begin in 2026.
Recommended Reading
Dividends Declared in the Week of Aug. 19
2024-08-23 - As second-quarter earnings wrap up, here is a selection of dividends declared in the energy industry.
Gulfport Energy to Offer $500MM Senior Notes Due 2029
2024-09-03 - Gulfport Energy Corp. also commenced a tender offer to purchase for cash its 8.0% senior notes due 2026.
Bechtel Awarded $4.3B Contract for NextDecade’s Rio Grande Train 4
2024-08-06 - NextDecade’s Rio Grande LNG Train 4 agreed to pay Bechtel approximately $4.3 billion for the work under an engineering, procurement and construction contract.
SPATCO Energy Exits RF Investment Fund
2024-08-15 - RF investment Partners said it invested in SPATCO Energy Solution’s $230 million continuation fund, which was led by Kian Capital Partners and Apogem Capital.
CrownRock Offloads Oxy Shares Two Weeks After Closing $12B Deal
2024-08-15 - Underwriters of the offering agreed to purchase CrownRock’s Occidental stock at $58.15 per share, which will result in approximately $1.719 billion in proceeds before expenses.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.